The setting sun illuminates the Bossert Hotel (photo by C. Scales for BHB) at Montague and Hicks streets. Will this long nearly abandoned but magnificent building (Helmle & Huberty, 1909) see another sunrise before long? False hopes have arisen several times, only to be grounded. Not even former Studio 54 owner Ian Schrager and upscale […]
Tag Archives | the real deal
St. Francis Sale Goes Through … for $40 Million Less
In February we noted that St. Francis College had sold its Brooklyn Heights campus for $200 million. In March we noted that the sale may not have gone through. Now, thanks to The Real Deal, we know that there is an apparently final deal to sell the campus for $160 million, to an affiliate of […]
Library Site Developer Sued Over Commission
The Real Deal reports that real estate private equity bankers Carlton Group are suing Hudson Companies, developers, on the site of the former Brooklyn Heights Branch Library, of the high rise residential and commercial building that will include a new branch library on its ground and lower floors. Carlton’s suit alleges that Hudson failed to […]
FDNY May Take Part Of Former Hillary HQ At One Pierrepont Plaza
The Real Deal reports that the FDNY is considering taking half of the space at One Pierrepont Plaza (photo) vacated by Hillary Clinton’s campaign headquarters, to replace part of the administrative space in nearby MetroTech that it has now outgrown.
Starwood Puts Pierhouse Hotel Up For Sale
Update: The Eagle now reports that someone “familiar with the issue” has said that Starwood has told Brooklyn Bridge Park “that it is not actively marketing the property at this time”. The Eagle has asked Starwood to comment, but has not yet heard back. The Real Deal reports that Starwood Capital Group has put up […]
U.S. Attorney and Manhattan DA Probing Library Deal
The Real Deal reports that U.S. Attorney Preet Brahrara and Manhattan D.A. Cyrus Vance Jr. are looking into the deal under which the Brooklyn Heights Branch of the Brooklyn Public Library (photo) was sold to developer Hudson Companies for demolition and redevelopment as a high rise mixed use residential and commercial building with a new […]
Watchtower Puts Residential Building At 107 Columbia Heights On Block
The Real Deal reports that the Jehovah’s Witnesses are putting another of their Brooklyn Heights properties up for sale: the nine story, presently 161 unit residential building at 107 Columbia Heights, which sits at the southeast corner of Columbia Heights and Cranberry Street. The piece quotes Tucker Reed, of the Downtown Brooklyn Partnership, as estimating […]
Two Developers Said to Agree to Buy Witness Headquarters
The Real Deal reports that an investment group led by two prominent Manhattan property owners and developers, Jared Kushner and Aby Rosen, are said to have agreed to purchase the Watchtower headquarters complex at 25-30 Columbia Heights, along with a site on Jay Street in DUMBO that has substantial development rights, for $700 million. No […]
Watchtower Headquarters Complex Eyed By Major Office Developers
Despite the assertion, which we noted earlier, by David Lombino of Two Trees, that “There is only one possible use” of the Watchtower headquarters buildings (photo), “and that’s luxury condominiums”, The Real Deal, citing BloombergBusiness, notes that major Manhattan office developers have expressed interest in the property. Among those are Vornado Realty Trust and Silverstein […]
NHL Team Owner Buys 2 Pierrepont
In July we noted that Brooklyn Law School had put 2 Pierrepont Street (photo), which has served as student and faculty housing since the school bought it for $2.2 million thirty years ago, up for sale. The Real Deal now reports that Vincent Viola, owner of the NHL Florida Panthers, has bought it for $35 […]
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